Todays Report: Today, Criteo SA (CRTO) PT Raised to $63.00

Today, Criteo SA (CRTO) PT Raised to $63.00

Criteo SA (NASDAQ:CRTO) had its target price raised by analysts at Berenberg Bank from $50.00 to $63.00 in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 49.29% from the company’s current price.

A number of other brokerages also recently issued reports on CRTO. Zacks Investment Research downgraded Criteo SA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. William Blair reissued an “outperform” rating on shares of Criteo SA in a research report on Thursday, August 4th. Jefferies Group reduced their price target on Criteo SA from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Citigroup Inc. reduced their price target on Criteo SA from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Finally, RBC Capital Markets set a $56.00 price target on Criteo SA and gave the stock a “buy” rating in a research report on Monday, November 14th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $50.50.

Shares of Criteo SA (NASDAQ:CRTO) opened at 42.09 on Friday. Criteo SA has a 52-week low of $24.23 and a 52-week high of $47.81. The company has a market cap of $2.59 billion, a P/E ratio of 33.97 and a beta of 2.75. The stock’s 50 day moving average price is $38.29 and its 200-day moving average price is $40.38.

Criteo SA (NASDAQ:CRTO) last posted its earnings results on Wednesday, November 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. Criteo SA had a return on equity of 15.99% and a net margin of 4.96%. The company had revenue of $177 million for the quarter, compared to the consensus estimate of $173.47 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. Equities analysts expect that Criteo SA will post $1.92 EPS for the current year.

In related news, CFO Benoit Fouilland sold 1,752 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $41.01, for a total transaction of $71,849.52. Following the completion of the transaction, the chief financial officer now directly owns 88,055 shares of the company’s stock, valued at approximately $3,611,135.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $37.96, for a total value of $2,277,600.00. Following the transaction, the insider now directly owns 2,914,358 shares of the company’s stock, valued at $110,629,029.68. The disclosure for this sale can be found here. 8.70% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Criteo SA during the second quarter valued at about $179,000. Independent Portfolio Consultants Inc. raised its position in shares of Criteo SA by 9.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,475 shares of the company’s stock valued at $205,000 after buying an additional 375 shares in the last quarter. Albert D Mason Inc. bought a new position in shares of Criteo SA during the second quarter valued at about $210,000. PNC Financial Services Group Inc. raised its position in shares of Criteo SA by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,611 shares of the company’s stock valued at $257,000 after buying an additional 38 shares in the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in shares of Criteo SA during the third quarter worth $208,000. 68.17% of the stock is owned by institutional investors and hedge funds.

Criteo SA Company Profile

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